<TABLE> <S> <C>
<PAGE>
<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from the
statement of operations and changes in member's equity, the statement of cash
flows, and the balance sheet for the Form 10-Q dated June 30, 2000, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0001083000
<NAME> PPL TRANSITION BOND CO, LLC
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 0
<OTHER-PROPERTY-AND-INVEST> 0
<TOTAL-CURRENT-ASSETS> 81,696
<TOTAL-DEFERRED-CHARGES> 13,144
<OTHER-ASSETS> 2,196,593
<TOTAL-ASSETS> 2,291,433
<COMMON> 0
<CAPITAL-SURPLUS-PAID-IN> 12,101
<RETAINED-EARNINGS> 252
<TOTAL-COMMON-STOCKHOLDERS-EQ> 12,353
0
0
<LONG-TERM-DEBT-NET> 2,034,280
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 233,509
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 11,291
<TOT-CAPITALIZATION-AND-LIAB> 2,291,433
<GROSS-OPERATING-REVENUE> 206,142
<INCOME-TAX-EXPENSE> 34
<OTHER-OPERATING-EXPENSES> 124,158
<TOTAL-OPERATING-EXPENSES> 124,192
<OPERATING-INCOME-LOSS> 81,950
<OTHER-INCOME-NET> 0
<INCOME-BEFORE-INTEREST-EXPEN> 81,950
<TOTAL-INTEREST-EXPENSE> 81,902
<NET-INCOME> 48
0
<EARNINGS-AVAILABLE-FOR-COMM> 48
<COMMON-STOCK-DIVIDENDS> 0
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 119,174
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>
